Bankruptcy Blogs

Chicago Sign Company Files Bankruptcy

11/19/14
Cars drive by the Chicago Theatre April 3, 2011 in Chicago.
Associated Press

A Chicago sign maker that’s done work for the Windy City’s thea

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Risk Management Lessons from Jerry Maguire

11/19/14

Banks need risk managers with a "show me the money" mindset Â-- that is, people who know how to use income statements and balance sheets to sniff out risky business activities.

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Bitcoin and Banking, Progressively Intertwined

11/19/14

As digital currencies become increasingly popular in Latin American countries, partnerships between banks and Bitcoin exchanges can help expedite cross-border transfers.

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Judge Approves More Fees for Nortel Advisers

11/19/14

The professionals working on the long-running U.S. bankruptcy case of defunct telecommunications company Nortel  raked in another $36 million this week.

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The Daily Docket: Madoff Bankruptcy Trustee Strikes Another Clawback Deal

11/19/14

An investment fund that parked all of its money with Bernard Madoff has agreed to give up $95 million for the benefit of Mr. Madoff’s victims in the second major settlement announced this week by the court-appointed official tracking down money tied to the biggest Ponzi scheme ever. Read Sara Randazzo’s Daily Bankruptcy Review story in The Wall Street Journal.

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Morning Scan: More Fallout from Sanctions Violations

11/19/14

Receiving Wide Coverage ...

French Twist: Thought the story about BNP Paribas violating U.S. sanctions against Sudan, Iran and China was over? Not so much. Five months after the French bank agreed to plead guilty and fork over almost $9 billion, home-country prosecutors are investigating whether senior officials at the bank violated insider trading laws by selling stock while the U.S. sanctions probe was under way. The story was broken Tuesday by a French news outlet,...

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ICMA CACs, New York Edition - Vietnam! - and More Un-Boilerplate

11/18/14

Mexico's public offering with New York-style ICMA CACs is a huge deal. But it turns out that Vietnam's exempt offering on November 6, also under New York law, was there first. Since it is not a public offering, the disclosure document is not public, and the one press article describing it is behind a paywall.

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Are Some Banks Using Credit Reports to Help Collect Discharged Debts?

11/18/14

Last week, Adam pointed us to a NYT's story on "zombie debt" after bankruptcy. I did a bit more research into the story because I had a hard time understanding the problem from the article.

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Risk Aversion Keeps Banks on the Innovation Sidelines

11/18/14

A number of banks have cut ties with business lines that are seen as high-risk in an effort to dodge the threat of enforcement actions. The result is stunted job creation and innovation, not to mention customers who are denied much-needed services.

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How Volcker Will Stir Up the CLO Market

11/18/14

A number of Dodd-Frank and Basel III regulations will impact banks' investments in the CLO market, but the Volcker Rule poses unique challenges.

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